TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years
By Micah Zimmerman
AI summary of the source article
A Democratic sweep of Congress would end the CLARITY Act's chances of passing for the next two years, according to TD Cowen analyst Jaret Seiberg. The crypto market structure bill previously failed a Senate cloture vote in September.
Why it matters
“Democrats will likely investigate Trump including his crypto entanglements. We see this as souring the political environment for crypto, which is why we do not expect the Clarity Act to pass over the next two years.”
Key facts
- TD Cowen analyst Jaret Seiberg stated a Democratic sweep of Congress would sour the political climate for crypto and block the CLARITY Act for two years.
- The CLARITY Act passed the House 294-134 in July 2025 and failed a Senate cloture vote 49-50 on Sept. 15.
- The bill will expire and require reintroduction if it does not pass before the new Congress convenes on Jan. 3.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years TD Cowen’s Jaret Seiberg says a Democratic sweep of Congress would kill the CLARITY Act for two years, hand Elizabeth Warren the Banking Committee and let Democrats block Trump’s picks for the SEC and CFTC. This post TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years first appeared on Bitcoin Magazi…